Gold price in Nepal soared to an all-time high of Rs 175,200 per tola (11.66 grams) on Tuesday, March 18, surpassing the previous record of Rs 174,500 per tola set last Friday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of the precious metal increased by Rs 1,100 compared to the previous day.
The surge in Nepal mirrors a global trend, with gold being traded above $3,000 per ounce in the international market, for the second time in less than a week.
As of 05:25 GMT, spot gold had climbed 0.2% to $3,006.88 per ounce, after briefly touching a record $3,016.92 per ounce, Reuters reported. The rally has been linked to uncertainty surrounding US tariff policies , fueling demand for the metal as a safe-haven asset.
Meanwhile, silver is being traded in Nepal at Rs 2,050 per tola.
